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Entrepreneur Stories 4⃣ Inspiration

054: Lessons Learned from Growing a Door Company over 20 years (with Michael Otis of Double O)

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.72K Ratings

🗓️ 1 January 2021

⏱️ 41 minutes

🧾️ Download transcript

Summary

Michael Otis is the President of Double O Inc., a commercial Glazing, Windows, & Doors company. Double O Inc. has steadily grown in skills, talent and experience to become known and recognized as “The Most Knowledgeable Company in the Industry.” In 2014 thru 2016, Double O receives recognition from Inc. Magazine being awarded the prestigious “Inc. 5000 Award – Fastest Growing Private companies in the United States." *** For Show Notes, Key Points, Contact Info, & Resources Mentioned on this episode visit here: Michael Otis Interview. ***

Transcript

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0:00.0

I see people buy companies and it confuses me because I think that they're so easy to start.

0:10.0

All companies built in three key areas, sales, finance, operations.

0:20.0

Don't ever make long-term decisions for short-term issues or short-term thinking.

0:28.0

Like many entrepreneurs, I'm not good at saying no to a good opportunity. I'm the problem there.

0:40.0

My name is Mike Otis. I'm in the Grand Rapids Michigan area.

0:44.0

I do as one of my sons like to say, monopoly and legos, construction and real estate development and rental.

0:51.0

I have technically four companies, three real estate holding companies, and then one, my primary company, my day job, is company that does commercial window-endor projects that I started 20 years ago.

1:03.0

We take the window-endor portion of commercial construction jobs, office building, schools, apartment complex, student housing, your house, all those kinds of projects.

1:12.0

That's what I do for a living. How did you end up getting into that?

1:15.0

I really have been in Windows and Doors from one angle or another in my whole life. My dad installed glass or he was called a glazer throughout his career.

1:23.0

My family tends to have a natural benton building things anyway. That felt to me. I got that bug.

1:30.0

I remember as a little kid going to a Saturday morning, maybe going to help my dad. I was probably as wet.

1:36.0

Going to be with my dad on a window-endor project he was working on or installed some glass. One of them was a bank, I recall.

1:45.0

I grew up around it. My whole life, my dad started a small company at his house when I was a teenager.

1:49.0

He had nice, small meaning, him alone, no employees, part-time and shut it down for a few months, go in and winter time.

1:56.0

So I was around it a bit, naturally took to it. I think my first job I actually took contracting for a customer where I was a contract or was re-ropping a shed,

2:06.0

a little ways down the road from where I lived and I was 13 years old.

2:10.0

From in 13, you went to New Tribes Institute, girl, look, I'm looking at it.

2:14.0

That's true. I went to school for ministry. That was my education. To learn how to live out in the jungles with a primitive people group and learn their language and their culture and break it down into a written form and teach them reading and writing.

2:25.0

Translate the Bible into their language, all that stuff, establish a church and then just, you know, one thing led to another and I never followed that path.

2:33.0

Was all that Michigan or wherever you translating that stuff?

2:37.0

Well, I went to school for it. It was in three different states and began in Jackson, Michigan then in Pennsylvania for a year and a half and then Missouri for six months.

...

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